Panther Capital, a cryptocurrency investment firm with $ 600 million in assets under management, had a very good year, but not as good as 2018.
According to the SEC The Pantera Venture Fund III has raised $ 164,705,834 to date, and an exorbitant $ 68,841,379 of that amount has been raised in the past twelve months. While The fund raised just $ 24,419,455 last year and still can’t top the $ 71,445,000 raised in 2018.
Pantera Capital Fundraising from 2018 to 2020. Source: Cointelelgraph, SEC.
The average size of incoming investments was approximately $ 1.77 million. more than four times higher than 2019 and twice as high as 2018. This could indicate an increase in interest from institutional investors. This last issue was addressed after Grayscle bombed national television with its new commercial, and Galaxy Digital ran a full-page ad in the Financial Times.
For comparison, 2018 was a miserable year for crypto hedge funds. The Cryptocurrency Hedge Fund Index by Eurekahedge was down 71.81% before bouncing back slightly in 2019, up 15.56%. So far it has increased by 46.98% in 2020.
The founder of Pantera, Dan Morehaed recently said that he expects Bitcoin (BTC) to go beyond the $ 100,000 level soon.